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Formalities to be followed while availing Foreign Direct Investment
02-Apr-2023 (In Banking / Finance Law)
I am receiving some foreign investment through a foreign investor. The foreign investor has asked me to open a bank account in the foreign bank, my question is whether it is necessary to open an account in the foreign bank to avail such foreign investment
No, ordinarily it is not necessary for you to open a bank account in a foreign country to receive such investment, unless the laws of that country require you to do so.
The transfer of funds can be done by the foreign entity by opening a bank account in India.
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Adv. Siddhant Sharma
Delhi | 200+ Answers
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